News

Global miners like Rio Tinto and South32 are ramping up exploration expenditure as investor speculation grows about potential new jackpot discoveries in Australia’s Paterson Province and Brazil, (reports Bloomberg).

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Northern Star Resources has growth ambitions beyond its current status as a leading Australian mid-tier gold miner (reports MiningNews).

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Dacian Gold executive chairman Rohan Williams says it is inevitable the newly minted gold miner will come on to the radar screens of bigger rivals but so far he has had “zero” interest (reports The West Australian).

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Sandfire Resources boss Karl Simich says the company expects to bring its new high-grade Monty copper-gold project into production by the end of this year (reports The West Australian).

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Gold was missing in action during this week’s big mining event, the annual Diggers & Dealers forum in Australia’s gold capital, Kalgoorlie, but that might not be for much longer as gold’s traditional price drivers return.

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With the US waging a trade war on several fronts, economists are starting to take seriously the idea that President Donald Trump could act on his preference for a weak dollar (reports Bloomberg).

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The public mineralisation report for Australia’s newest nickel-copper-cobalt discovery – Mark Creasy’s privately held Silver Knight find in the Fraser Range – has finally surfaced.

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He won’t be there, but the shadow of Donald Trump will loom over next week’s Diggers and Dealers forum in Kalgoorlie with falling metal prices caused by his trade war with China likely to dampen optimism at the event, as they have on financial markets this week.  

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